the economy and the demand. still, this is good news for your pocketbook and part of a broader cool down for consumer prices. data released on friday shows it engaged the pce index that once again cooled, hitting a low for the first time in two years. more than a thousand people have been detained in france during a fourth straight night of protests over the fatal police shooting of a 17-year-old boy. demonstrators have set fires, burned cars, and destroyed government buildings as 45,000 police officers have been moiblized across france to try to keep peace. french president manual macron has called on people over social media. nic robertson is live in paris with the latest.
inflation. tomorrow we get an important report out. the federal reserve s most favored report on inflation called the pce index and next week another federal reserve meeting expected the raise interest rates tuesday and wednesday by a quarter point. we talk about ten rate hikes. these rate hikes have slowed down the economy. the question is how much slower will we get, will it cut into job growth and the overall economy and turn us into recession? kevin mccarthy and the gop is doing is important in reining in spending that people believe that they are doing something about the runaway spending. unfortunately this serious package the gop came out with and passed the house yesterday was meth with an unserious answer from the president. joe biden saying it is whacko. maga republicans, extreme. there is not a lot extreme about reining in a 3.7 trillion debt. we want to hear from the president to see what he will do